The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Authum Investment & Infrastructure Ltd
BHARATWIRE · price
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The BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Authum Investment & Infrastructure Ltd regarding their shareholding in Bharat Wire Ropes Ltd. Regulation 29(1) filings are triggered when an acquirer crosses or creeps past specified shareholding thresholds, typically the 2% creeping acquisition limit in a financial year. The exact number of shares and percentage change are not disclosed in the headline. Authum Investment & Infrastructure Ltd is an external entity (not a promoter of Bharat Wire Ropes) making this disclosure, suggesting ongoing acquisition activity by this investor.
This filing signals that a non-promoter entity (Authum) is reporting a change in shareholding that crosses regulatory thresholds in Bharat Wire Ropes, which investors should track as it may indicate accumulation of a significant stake and could influence stock price and shareholder composition.